What Allerand Capital does

Allerand Capital, LLC is a privately held boutique investment firm founded in 2001 (originally as Prism Venture Partners, LLC) and headquartered in Jupiter, Florida. The firm, owned by four principals (Richard J. Sabella, J. Peter Paganelli, Gary Zentner, and Gary S. Troast), operates across four interconnected investment platforms: (1) commercial real estate through Allerand Realty Holdings — owning 30+ net leased retail properties (CVS, Walgreens, Rite Aid, Advance Auto, Family Dollar tenants), 170 acres of Florida development land, two mixed-use office buildings totaling ~40,000 square feet, and NYC rowhouse redevelopment projects; (2) Specialty Finance — providing mezzanine loans and preferred equity to companies in real estate, consumer finance, automobile financing, lead generation, call centers, and addiction treatment; (3) Consumer Service Businesses — investments and operations in tax settlement, loan brokerages, debt adjustment/settlement, auto loan warranty, buy-here auto sales, weight loss centers, and call centers, generating annual revenues exceeding $10 million; and (4) Addiction Treatment Services — launched in 2015, operating 4 facilities in Florida, Pennsylvania, and West Virginia with approximately 200 beds and 200+ healthcare staff, with system-wide revenues projected at over $20 million in 2021.

The firm's business model is principal-led and self-funded: transactions are originated through the principals' networks and executed primarily using the firm's and principals' own capital rather than external fund AUM. Allerand targets opportunistic, complex, or smaller-than-institutional-threshold transactions that larger funds find unappealing. Most underwriting, professional, and valuation services are performed in-house at modest cost, supporting margin discipline on smaller deals. Go-to-market is direct — the firm does not use external distribution channels or active marketing, relying on principal relationships and deal sourcing.

Allerand makes money through a mix of (a) rental income from owned net leased and mixed-use properties; (b) interest, mezzanine returns, and preferred equity yields (exemplified by realized returns exceeding 20% p.a. on small balance asset-backed lending, 122% IRR on a $1.6M mezzanine loan, and 18% accrual / 9% pay rates on marina debt); (c) operating cash flow and equity appreciation from operating portfolio companies in debt settlement, consumer services, and healthcare; and (d) asset management, restructuring, and disposition fees on capital events. Since 1998, the principals have completed scores of their own equity and loan investments, and have managed the acquisition, financing, restructuring, or management of over $500 million of assets. The firm does not disclose pricing for investment services, and there is no public revenue figure for Allerand Capital as an entity; revenue indicators are segment-based (e.g., $20M+ addiction treatment, $10M+ debt settlement operations).

Name

Allerand Capital

Legal name

Allerand Capital, LLC

Website

https://allerand.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

11–50 employees

Short description

Allerand Capital is a Jupiter, Florida-based boutique private investment firm operating four platforms: net lease commercial real estate, specialty mezzanine/preferred equity finance, consumer service businesses (debt settlement), and addiction treatment facilities serving individual patients across multiple US states.

Ownership category

akta.pro rank

Product category

Boutique Private Investment Management

NAICS

Other Financial Investment Activities (5239), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Real Estate Dealers (For Their Own Account) (6532), Investors, Nec (6799), Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Corporate Finance & Capital Advisory (BPAHADAB)

akta.pro secondary industry

Real Estate (Commercial Property, REITs) (FSABACAH)

Keywords

• Commercial real estate investment
• Net lease properties
• Mezzanine lending
• Preferred equity investment
• Addiction treatment facilities

Headquarters

HQ city

Jupiter

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Others

Revenue model

1. Real Estate Investment and Net Lease: Investment in commercial real estate including net leased retail properties, development land, mixed use office buildings, and sandwich lease portfolios. The firm owns a majority and controlling interest in over 30 net leased retail properties.
2. Specialty Finance - Mezzanine Loans and Preferred Equity: Funding companies with investment capital structured as mezzanine loans or preferred equity interests in diverse sectors including real estate, consumer finance, automobile financing, lead generation, call centers and addiction treatment centers. Returns have exceeded 20% p.a. on certain programs.
3. Consumer Service Businesses: Investment in and operation of consumer-oriented service businesses including tax settlement companies, loan brokerages, debt adjustment and settlement concerns, auto loan warranty program operators, buy-here auto sales operations, and weight loss centers. Annual revenues exceed $10 million.
4. Addiction Treatment Services: Financing, partnering with, and independently operating addiction treatment facilities. Currently operates 4 facilities with approximately 200 beds. System-wide revenues projected at over $20 million for 2021.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels1 record

Core offering

Allerand Capital is a boutique private investment firm that invests in commercial real estate (including 30+ net leased retail properties, mixed-use office buildings, and development land), specialty finance (mezzanine loans and preferred equity across diverse sectors), consumer service businesses (debt settlement, tax settlement, loan brokerages), and addiction treatment facilities. The firm utilizes its own and its principals' capital as equity in most transactions and performs underwriting, valuation, and professional services in-house.

Product overview

Allerand Capital is a boutique private investment firm operating four interconnected investment platforms: (1) Allerand Realty Holdings for commercial real estate including 30+ net leased retail properties and NYC redevelopment; (2) Allerand Specialty Finance providing mezzanine loans and preferred equity across multiple sectors; (3) Consumer Service Businesses investing in debt settlement, tax settlement, and consumer service operations; and (4) Addiction Treatment Services managing a network of treatment facilities with approximately 200 beds.

Differentiator

Problem solved

Functional benefit

Brands

• Allerand Realty Holdings, LLC: Commercial real estate division managing net leased retail properties, development land, mixed-use office buildings, and bank branch sandwich lease portfolio.

Products and services

• Allerand Realty Holdings (Commercial Real Estate) Commercial real estate investment and management platform covering net lease properties (30+ retail properties), 170 acres of Florida development land, two Florida mixed-use office buildings (~40,000 sq ft), NYC rowhouse redevelopment projects ($20M+ equity invested), and a bank branch sandwich lease portfolio. Targets investors and operators seeking opportunistic real estate transactions too complex or small for institutional funds.
• Allerand Specialty Finance (Mezzanine Loans and Preferred Equity) Mezzanine lending and preferred equity investment platform providing capital to companies in diverse sectors including real estate, consumer finance, automobile financing, lead generation, call centers, and addiction treatment centers. Targets companies seeking flexible capital structures not available through traditional bank financing, with documented returns exceeding 20% p.a. on certain programs.
• Consumer Service Businesses Investment and operational platform covering consumer-oriented service businesses including tax settlement, loan brokerages, debt adjustment and settlement, auto loan warranty program operators, buy-here auto sales operations, weight loss centers, and generic call center operators. Allerand remains active in several debt settlement companies with annual revenues in excess of $10 million and offices in Florida, California, and Massachusetts.
• Addiction Treatment Services Addiction treatment facility investment and management platform providing detoxification and rehabilitation services for substance abuse patients at all levels of the care continuum. Currently operates 4 facilities in Tampa, West Palm Beach, West Virginia, and Pennsylvania, with approximately 200 beds and over 100 professionals and staff. System-wide revenues projected at over $20 million for 2021.

Quantifiable outcome

• Returns exceeded 20% p.a. on small balance asset-backed lending program
• +4 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators17 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Garrison Capital: Garrison Capital is a specialty finance provider focused on mezzanine debt and preferred equity investments to lower-middle-market companies, closely paralleling Allerand Specialty Finance's mezzanine lending and preferred equity practice with documented 20%+ returns.
• Acadia Healthcare: Acadia Healthcare operates a network of behavioral health and addiction treatment facilities, overlapping directly with Allerand Recovery Holdings' four-facility, ~200-bed addiction treatment operating business across Florida, West Virginia, and Pennsylvania.
• Spirit Realty Capital (acquired by Realty Income): Spirit Realty was a net lease REIT that operated a multi-tenant retail property portfolio with similar tenant profiles, until acquired by Realty Income. Provides a direct listed-company peer for Allerand's core net lease acquisition and asset management approach.
• Store Capital (now owned by GIC/Oak Street consortium): Store Capital was a leading net lease real estate investment platform focused on single-tenant retail and commercial properties, very similar to Allerand Realty Holdings' net lease strategy with 30+ properties and anchor tenants like CVS and Walgreens. Comparable business model of acquiring and holding net leased retail real estate.
• Oxford Square Capital Corp: Oxford Square Capital is a business development company investing in structured debt securities of lower-middle-market companies, with a similar return profile and target issuer size range as Allerand Specialty Finance's mezzanine book.
• Trinity Hunt Partners: Trinity Hunt Partners is a private investment firm focused on lower-middle-market companies and real estate, emphasizing creative capital structures similar to Allerand's preferred equity and mezzanine practice, though primarily funded by institutional capital rather than principal capital.
• Freedom Financial Network: Freedom Financial Network is a consumer debt resolution services company comparable to Allerand's debt settlement portfolio companies, which together generate over $10M in annual revenue across offices in Florida, California, and Massachusetts.

Broad incumbents

• W. P. Carey Inc. W. P. Carey is a diversified net lease REIT with a substantially larger and broader portfolio than Allerand Realty Holdings, providing a scaled listed-market benchmark for Allerand's triple-net and sandwich-lease real estate strategy.
• Realty Income Corporation: Realty Income is the largest net lease REIT globally and a relevant broad-incumbent peer for Allerand's net lease retail focus, trading in many of the same tenant categories (drugstores, dollar stores) such as Walgreens, CVS, and Family Dollar.
• CIM Group: CIM Group is a diversified real estate and infrastructure investment firm operating opportunistic strategies in urban infill, mixed-use, and net lease, with a multi-platform structure analogous to Allerand's multi-strategy investment approach, though at materially greater scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/allerand-capital-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Allerand Capital